TL;DR in Verse
- Over 600 million SHIB vanished in a blaze of glory one day—poof! Total scorched since 2021? A whopping 410.7 trillion, or 41% of the original hoard. 😏
- Some seers whisper of gains if SHIB dodges pitfalls, but beware, for surging sales might crush dreams like a poorly timed jest. 📉
The Grand Conflagration
Oh, what folly and fervor! The so-called second-largest meme coin has seen its burn rate leap by a ludicrous 16,710% in mere hours, dispatching over 602 million tokens to a wallet as dead as last season’s gossip. And lo, one solitary transaction claimed nearly all—how convenient, or contrived? 😜
Admit it, the dollar value’s a pittance, just $8,000, but these incessant burnings might yet tickle the price upward, if demand doesn’t snooze through the spectacle. Economics, that tiresome dance of supply and demand, dictates as much—though in crypto, it’s often more farce than fact. 😂
Since 2021, when this burning ritual commenced, the masses have eradicated some 410.7 trillion tokens—41% of the initial bounty. A noble quest, or mere smoke and mirrors to hoodwink the hopeful? 🤔
Ah, the optimists! X’s own CW foresees a mighty ascent if SHIB breaches the $0.000017 barrier—currently lounging at $0.0000133, a mere 27% leap away. As if prices obey such tidy plans! Javon Marks spies an “Inverse Head & Shoulders” pattern, heralding strength and a romp to $0.000081. And Friedrich? He crows that SHIB might chase ETH‘s tail to all-time highs, but tut-tuts about leverage, as if anyone heeds caution in this madhouse. 🚀
$SHIB is about to blast!
With $ETH ripping, $SHIB will go for a retest of ATHs for sure.
Bidding in spot!
About leverage, manage your risks accordingly.@ShibainuCoin #meme
— Friedrich (@FriedrichBtc) July 21, 2025
The Gloomy Counterpoint
But hark, not all is mirth and merriment. While bulls charge ahead, Shiba Inu‘s exchange flows paint a sorrier picture, suggesting prices may wallow like a jester in the stocks. 😩
CryptoQuant’s oracle reveals inflows outpacing outflows for a week solid, a sign that tokens flee to centralized dens, breeding selling frenzies. How droll that what should be a triumph turns to potential ruin! 📊
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2025-07-29 15:11